Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MONTSEGUR from Watermaal-Bosvoorde, company number BE0463684546, closed financial year 2025 with a result of € -146,969 after tax. For that financial year MONTSEGUR recorded a gross margin of € 12,671 and equity of € -349,318. Compared with financial year 2023, the result moved from € 13,424 to € -146,969. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 31, 2026.
€ -349,318
▼ € 172,501 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -146,969
▼ still € 13,424 profit in 2023
Profit after tax over the fiscal year.
€ 37,968
▼ 31% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -361,718.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 20,685
▲ € 19,995 vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 58,629 | € 163,888 | € 12,671 | ▼ 92% |
| Profit after taxes | € -5,151 | € 13,424 | € -146,969 | ▼ € 160,393 |
| Equity | € -190,240 | € -176,817 | € -349,318 | ▼ € 172,501 |
| Total debts | € 363,085 | € 309,365 | € 450,964 | ▲ 46% |
| Cash | € 18,272 | € 55,396 | € 37,968 | ▼ 31% |
| Retained profit | € -202,640 | € -189,217 | € -361,718 | ▼ € 172,501 |
| Balance sheet total | € 515,709 | € 387,525 | € 104,646 | ▼ 73% |
Key figures of MONTSEGUR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MONTSEGUR?
What happened at MONTSEGUR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 146,969 (▼ € 160,393 vs 2023). filed late Source: NBB ↗
- Pierre PORTUGAELS became a director. NBB
- New establishment in Olne. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,151 loss in 2022 to € 146,969 loss in 2025.
Best year ever: 2023, with € 13,424 profit.
Management
Behind MONTSEGUR is Pierre PORTUGAELS.
Directors
According to the 2025 annual accounts
Pierre PORTUGAELS
Director
since 2000
Establishments
Establishment units
Physical locations of this company
Hulstlaan 12
1170 Watermaal-Bosvoorde
Ruelle des Escaliers 5
4877 Olne
Active since 22 July 1998
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0463.684.546
- VAT number
- BE 0463.684.546
- Registered office
- Hulstlaan 12, 1170 Watermaal-Bosvoorde
- Names & denominations
- MONTSEGUR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 1998
- Peppol
- Active · Active since 24 Dec 2025
- Activities · NACE
Activiteiten van reclamebureaus
Publiciteitsagentschappen
Markt- en opinieonderzoek
Marktonderzoekbureaus